Cameroon

Economic Relations

Thursday، 10 December 2015 12:00 AM

AAA

The trade volume between the two countries is very limited mostly due to both sides lack of knowledge about investment opportunities and commodities that could be exchanged, as the volume of trade between the two countries reached 7 million dollars mainly in favor of Egypt.

The Arab Contractors Company exists in the Cameroonian market where it succeeded in attaining two projects, namely the first phase of Yaounde - Kribi, which is nearing completion, and the northern entrance to the capital Yaounde. There are significant opportunities before the Arab Contractors Company in light of President Paul Biya's great attention paid to improving the country's infrastructure shortly before the presidential elections in 2011, in addition to road network projects linking the main port of Douala to a number of neighboring central African capitals.

Moreover, El Sewedy Cables exists in the Cameroonian market through a project to build three generating power stations in cities of Blova, Balmayo and Bamenda with a total capacity of 40 mega watts and cost up to 40 million dollars.

Contractual Framework

• Trade and Payment Agreement, signed on 19/12/1961, came into force as of 19/12/1961.

• Air Transport Agreement signed on 3/6/1966 came into force as of 07/05/1967.

• Cultural and Artistic Cooperation Agreement signed on 22/11/1969 came into force as of 22/1/1977.

• Trade Agreement signed on 17/11/1977 came into force as of 20/3/1979.

• Technical Cooperation Agreement between the Egyptian Fund for Technical Cooperation with Africa and the Cameroonian Government signed in 1995.

• Air Transport Agreement signed in 1998 came into force as of 5/3/2002.

• Cooperation Agreement in the field of tourism signed on 24/10/2000 but not ratified by the two sides.

• Trade Agreement signed on 24/10/2000 not ratified by the two sides.

• Media Cooperation Protocol signed on 24/10/2000 came into force as of 24/10/2000.

• Executive Program of the Cultural Agreement and Technical Cooperation for the years 2000-2002 signed on 24/10/2000 came into force as of 24/10/2000.

• Agreement on encouraging and protecting investments signed on 24/10/2000. Cameroon did not ratify.

• Memorandum of Understanding in the field of Energy and Electricity between the Government of Arab Republic of Egypt and the Government of the Republic of Cameroon, signed on 4/21/2010.

• Technical Cooperation Agreement between the Egyptian Fund for Technical Cooperation with Africa and the Cameroonian government, signed on 21.04.2010

• Memorandum of Understanding on establishing a political consultation mechanism between Egypt and Cameroon, signed on 21/4/2010.

• Memorandum of Understanding between the Egyptian General Authority For Free Zones and Investment and the Cameroon Investment Promotion Agency (CIPA) signed on 21/4/201.